The luxury car maker Asto0n Martin is hopeful of emerging out of the pandemic induced slump and expects that its will be able to increase its sales in 2021 by almost double of last year and thereby claw back towards profitability.    This struggling car maker was forced deeper into...

The increasing restriction put by the administration on water supply because of a drought in the island is forcing the chip makers of Taiwan to purchase water by the truckload for use in some of their foundries.   This shortage of water for chip manufacturing has raised concerns that the...

The United States based luxury electric vehicle maker Lucid Motors will go public through the merger deal path or through the special purpose acquisition company (SPAC) route at a combined pro-forma equity value of $24 billion.   The electric car maker has agreed to merge with blank-check...

As new revised strategy that focuses primarily on wealth management in Asia was announced by HSBC Holdings PLC on Tuesday as the bank let go of its long-term profitability target, after a sharp drop in the 2020 profits of the company because of the Covid-19 pandemic hit.   Its previously...

Despite the recent blackout of news for Australian users by the social media giant Facebook in protest against a proposed new content law in the country, the Australian government has said that it will not make any changes to the proposed laws.   If the new regulation is passed and...

After Mexico experienced some disruptions to the supply of natural gas and other fuels from Texas because of a natural disaster in the US state, the Venezuelan President Nicolas Maduro proposed that it was an opportunity for his country to offer Mexico a proposal for supplying natural gas.  ...

According to analysts, the prospect of a much wider showdown between the world's biggest social media platform Facebook and the governments and news organizations fighting to check the dominating power of the tech giant increased after the move by the company to block users in Australia from...

There will only be “limited impact” to the clients of Apple’s largest contract manufacturer and chip suppliers Foxconn because of the chip shortage that had severely impacted the automotive and semiconductor industries all over the world, said the chairman of the Taiwanese company.   “Since...

Starting this year, the performance of top executives of the company – starting with people in the ranks of vice presidents and above, will be evaluated for promotion of team diversity and inclusion, said Alphabet Inc's Google.   This was mentioned by the company in one of its several...

The United States based ride hailing company Uber was dealt a severe blow by Britain's Supreme Court which ruled on Friday that a group of drivers of the company are entitled to worker rights such as the minimum wage. According to analysts, this court ruling could have much wider impact on the...

After a loss of 8 billion euro last year, the French auto giant Renault also raised the warning flag for 2021 because of a shortage of electronic chips which added on to the uncertain recovery from the Covid-19 induced global recession, said the company’s Chief Executive Luca de Meo.   While...